Corporacion America Airports (NYSE:CAAP) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Corporacion America Airports (NYSE:CAAP) from a buy rating to a hold rating in a report released on Saturday.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price objective on Corporacion America Airports from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Corporacion America Airports in a report on Wednesday, June 24th. Finally, Zacks Research raised Corporacion America Airports from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Corporacion America Airports presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.12.

Corporacion America Airports Price Performance

Shares of NYSE:CAAP opened at $24.16 on Friday. The company has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $25.79. Corporacion America Airports has a one year low of $17.36 and a one year high of $30.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 1.51. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.66 and a beta of 0.70.

Corporacion America Airports (NYSE:CAAP) last announced its earnings results on Tuesday, August 18th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.18). Corporacion America Airports had a return on equity of 16.69% and a net margin of 13.58%.The business had revenue of $534.04 million for the quarter, compared to analyst estimates of $497.52 million. On average, analysts predict that Corporacion America Airports will post 2.2 EPS for the current year.

Corporacion America Airports Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Monday, August 31st. Corporacion America Airports’s dividend payout ratio is currently 50.56%.

Institutional Investors Weigh In On Corporacion America Airports

A number of institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Corporacion America Airports by 207.1% during the fourth quarter. UBS Group AG now owns 98,036 shares of the company’s stock worth $2,549,000 after acquiring an additional 66,113 shares during the period. Channing Global Advisors LLC acquired a new stake in Corporacion America Airports in the first quarter valued at $1,069,000. Empowered Funds LLC lifted its holdings in Corporacion America Airports by 74.4% in the first quarter. Empowered Funds LLC now owns 425,585 shares of the company’s stock valued at $10,763,000 after acquiring an additional 181,598 shares during the period. Royal Bank of Canada lifted its holdings in Corporacion America Airports by 30.4% in the first quarter. Royal Bank of Canada now owns 1,042,548 shares of the company’s stock valued at $26,366,000 after acquiring an additional 243,092 shares during the period. Finally, Pillsbury Lake Capital LLC purchased a new stake in shares of Corporacion America Airports during the 2nd quarter worth $7,429,989. Hedge funds and other institutional investors own 12.95% of the company’s stock.

Corporacion America Airports Company Profile

Corporación América Airports SA operates as a global airport infrastructure and services company, specializing in the development, acquisition and management of airport concessions. Headquartered in Buenos Aires, Argentina, the firm oversees long-term agreements that cover the planning, design, financing and ongoing operation of airport facilities. Its integrated approach aims to enhance operational efficiency and passenger experience through modernized terminals and streamlined processes.

The company’s core activities encompass passenger handling, cargo operations and ancillary services such as retail concessions, food and beverage outlets, ground handling, fueling and airport parking.